LG to Launch a Blockchain Phone Competing with Samsung and HTC
South Korean electronics maker LG is gearing up to compete with Samsung and HTC by launching a blockchain-enabled smartphone.
Citing an industry source, local news outlet IT Chosun on Sunday reported that the Seoul-headquartered company has already completed market research of blockchain companies and decentralized applications (DApps).
Though the report did not specify any dates for the launch, the phone making company is ready to launch the blockchain-based smart “soon.”
“LG is likely to respond to Samsung’s innovation initiative,” an official of LG Electronics told the publication.
The source also detailed that the South Korean company initiated its blockchain development when it’s arch-rival in both local and global market, Samsung, launched Keystore for its blockchain phones earlier this year. The company is also in talks with several South Korean blockchain-based application developers for their support on its upcoming smartphone.
Citing an industry source, local news outlet IT Chosun on Sunday reported that the Seoul-headquartered company has already completed market research of blockchain companies and decentralized applications (DApps).
Though the report did not specify any dates for the launch, the phone making company is ready to launch the blockchain-based smart “soon.”
“LG is likely to respond to Samsung’s innovation initiative,” an official of LG Electronics told the publication.
The source also detailed that the South Korean company initiated its blockchain development when it’s arch-rival in both local and global market, Samsung, launched Keystore for its blockchain phones earlier this year. The company is also in talks with several South Korean blockchain-based application developers for their support on its upcoming smartphone.
